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Jan 28, 2013
01/13
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it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying into these big cities? >> i think b the rental is very good if you want the exit strategy of a rental. they're good. so it makes sense. even today on a return basis. and i think the appreciation we've shown over the years not that that's really necessarily telling anything about the future, but what it has shown is good. and comfortable for these people. >> well, there aren't many alternatives around the world. you can see these big cities. you look at europe, europe still has problems economically. >> and when you talk to a lot of the wealthy foreign b
it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying...
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Jan 31, 2013
01/13
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back to you. >> so, california's the leading one, but new york is very close, right? new york is, what, you've got 9.8% state ant 3.6% city. >> actually, again, talking about what people actually pay relative to their income, not the published rates. >> and it's surprising to me that new york was not up there. i think it's 7%, maybe even 6%, so it might have been in the top ten but not in the top five. >> okay. that's after deductions is what you're saying. >> that's correct, that's correct. >> stay right there, so does being taxed to the max affect how people invest. carol pepper is with us from pepper international and deals with high net worth clients and joins us as well as robert carroll. you say no one should change investment style due to someone's tax levels. >> that's right. i mean, last year was a year when you could do a lot of effective planning prior to the tax changes. people took care of the lower capital gains rate so they did sales prior. did larger estate planning deductions and did work then and now the rates are there. investing should not be drive
back to you. >> so, california's the leading one, but new york is very close, right? new york is, what, you've got 9.8% state ant 3.6% city. >> actually, again, talking about what people actually pay relative to their income, not the published rates. >> and it's surprising to me that new york was not up there. i think it's 7%, maybe even 6%, so it might have been in the top ten but not in the top five. >> okay. that's after deductions is what you're saying. >>...
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Jan 2, 2013
01/13
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the new york stock exchange stocks combined are about $16 trillion. bull there's $23 trillion on the sidelines and in treasury debt earning less than 1%. secondly, you need value. the average stock in the funds that i manage has a 7% profit margin with double digit growth predicted for five years. finally, you need greed. averting the fiscal cliff was probably that spark that will get people back into the markets. >> all right. >> didn't need 30 seconds. richard, break it down for us. >> hi, kelly and bill. we try to avoid stepping in front of speeding buses and the upside momentum and demand over the past couple of days has been speeding right along. in addition, the seasonal bias is to the upside. since 1971, the second trading day of the year, it's been up 75% of the time, after the first trading day has b
the new york stock exchange stocks combined are about $16 trillion. bull there's $23 trillion on the sidelines and in treasury debt earning less than 1%. secondly, you need value. the average stock in the funds that i manage has a 7% profit margin with double digit growth predicted for five years. finally, you need greed. averting the fiscal cliff was probably that spark that will get people back into the markets. >> all right. >> didn't need 30 seconds. richard, break it down for...
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Jan 16, 2013
01/13
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can't buy a park space in new york for $150,000. the bidding wars makes -- make me nuts when people say bidding wars in housing. it's not happening! >> well, you know, new york didn't go down the way like phoenix went down, right? or the way vegas went down either. >> right. >> so that's one thing to consider, but jeff saut, is there an investable item around whatever you want to call this housing recovery, bump up? i mean, some of these stocks have been on fire. >> yeah. we think the building stocks, the home builders have gotten ahead of themselves. downgraded them a few months ago. the second derivativeys on housing, and i can tell you the housing recovery down here in florida is for real. the multi-family has been on fire, and you're just starting to get a hookup in the single-family homes, fanned that gains traction, i think greg is right. you'll see the housing numbers come in stronger than most people think. second derivative play is a company called raniere timberlands, a play on lumber and a play on a number of real estate
can't buy a park space in new york for $150,000. the bidding wars makes -- make me nuts when people say bidding wars in housing. it's not happening! >> well, you know, new york didn't go down the way like phoenix went down, right? or the way vegas went down either. >> right. >> so that's one thing to consider, but jeff saut, is there an investable item around whatever you want to call this housing recovery, bump up? i mean, some of these stocks have been on fire. >>...
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Jan 22, 2013
01/13
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courtney reagan has been working the into of the new york stock exchange today. security? >> still trying to get to some of the details from google. still waiting to hear from the company, but at least as of right now the market is definitely liking what it's see when it comes to the google shares bidding them higher in relatively higher hours. beat on the top and bottom line and guidance pretty strong for google and the lange-term view, on a track towards a long-term road map, operating $te ining d. right now both of these stocks are higher after hours. >> okay. and we're now -- we're now getting -- >> an apples-to-apples number. >> what we showed before, the non-gap number of $10.65 which is a sol id beat. where the expectations actually had come down today. >> right. >> to $10.42. beats the number by a wide margin even though we think the revenue number came in slightly light. >> but i think the reaction that you're seeing in the stock so solidly higher after hours is because sharply higher because, are, this is a company that a quarter ago missed. there's probably reli
courtney reagan has been working the into of the new york stock exchange today. security? >> still trying to get to some of the details from google. still waiting to hear from the company, but at least as of right now the market is definitely liking what it's see when it comes to the google shares bidding them higher in relatively higher hours. beat on the top and bottom line and guidance pretty strong for google and the lange-term view, on a track towards a long-term road map, operating...
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Jan 9, 2013
01/13
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i'm embroemor, on the floor of the new york stock exchange. stocks break a two-day losing streak today staging a rally at the end of the day. dow jones industrial average is up about 61 points. the high up 90 points early in the session, but nonetheless new money came into the market late today. last trade on the blue chip average. nasdaq picked up ground as well, 14 points even and the s&p 500, high by 4.75 points. earnings kicks off this week. here to break down what's going on in trading and the trading picture. nick santelli is with me along with nate an bad our guests. you've got the s&p 500 target of between 1525 and 1575. we close today at 1400. why so optimistic? >> well, you know, maria. i think looking here we've got some upside to equities. we look to the back half of the year just stemming from the fact that the market is overtly negative. focusing on all the negativity. look at year of 2012 and we've had a 16% run in the u.s. equity market and i don't feel like anybody celebrate that had at all. professional investors have gotten
i'm embroemor, on the floor of the new york stock exchange. stocks break a two-day losing streak today staging a rally at the end of the day. dow jones industrial average is up about 61 points. the high up 90 points early in the session, but nonetheless new money came into the market late today. last trade on the blue chip average. nasdaq picked up ground as well, 14 points even and the s&p 500, high by 4.75 points. earnings kicks off this week. here to break down what's going on in trading...
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Jan 14, 2013
01/13
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in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republicans that the republicans, you know, are bad and the gop, you know, and sort of between the media and sort of the talking points, that's what the broad p
in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and...
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Jan 11, 2013
01/13
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i'm maria bartiromo on the floor of the new york stock exchange. the major averages closing at a second straight week of gains today on wall street. fractional moves to the upside. take a look at how which ear settling out for a friday afternoon on wall street. the dow jones industrial average up about 17.5 points, fractional move, 13,488. got the big banks reporting earnings next week. a little bit of buying and a handful of banks at the end of the day today. took the market off of the lows. nasdaq composite picks up about four points at the close, 3125. last trade on the nasdaq. s&p 500, close but no cigar on the standard & poor's, down just a fraction. straight to the market action. back with me once again michael pento from pento portfolio strategies and dan veru from palisades capital and michael from capital management and we're going to get right to it. let me ask you, michael yosikami, look all around the world for places for your money and certainly have been a bull on stocks. tell me how you see this market going into 2013. >> good year,
i'm maria bartiromo on the floor of the new york stock exchange. the major averages closing at a second straight week of gains today on wall street. fractional moves to the upside. take a look at how which ear settling out for a friday afternoon on wall street. the dow jones industrial average up about 17.5 points, fractional move, 13,488. got the big banks reporting earnings next week. a little bit of buying and a handful of banks at the end of the day today. took the market off of the lows....
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Jan 3, 2013
01/13
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i'm selling into any new rally i get. >> a strong sentiment on the floor here at the new york stock exchange, by the way, and we're going out off the lows. a little buying coming in with the dow down about 25 points. that's the first hour of the "closing bell." let's start hour two right now. >> and welcome to the "closing bell." i'm kelly evans in today for maria bartiromo. bill griffith will join me in just a moment. stocks are closing lower on concerns some members of the fed favor slowing or stopping economic stimulus earlier than maybe was previous thought. here's how we're finishing the day on wall street. the dow jones industrial average pointed down by about 22 points or 0.2%, about double that is the loss on the nasdaq today, down 0.4 and it's giving up some of its gains from yesterday, 0.2 on the s&p bit. after we saw stocks moving towards their low after the fed minutes did get a little bit of a rebound into the final minutes of trading. >> the lead bias was to the upside. let get straight to the markets. while we didn't give back all of yesterday's gains, we did close off the day
i'm selling into any new rally i get. >> a strong sentiment on the floor here at the new york stock exchange, by the way, and we're going out off the lows. a little buying coming in with the dow down about 25 points. that's the first hour of the "closing bell." let's start hour two right now. >> and welcome to the "closing bell." i'm kelly evans in today for maria bartiromo. bill griffith will join me in just a moment. stocks are closing lower on concerns some...
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Jan 24, 2013
01/13
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there it is, the ceo of activas ringing the closing bell here at the new york stock exchange. stand by for the earnings report as we get to the second hour of the "closing bell." >>> and welcome back to the "closing bell," everybody. i'm mandy drury sitting in for maria bartiromo. quite a crowd over here for activas. dow closing at another five-year high. the blue chip index inching ever closer to an all-time high. well, this is, despite the fact that apple continues its downward spiral. just today alone it's down by over 10%. this is how we're finishing out the day. kind of circling and digesting as we speak right now. the dow is up by 45 points who off the highs of the day the nasdaq is down and being dragged down by apple partly and the s&p 500 did crack the 1,500 mark earlier on today, but it still managed to finish higher. ever so slightly just sitting there at 14 and 94. >> bill. here we go. as we like to say in the news business. stand by for breaking news. any minute now we expect earnings from as we said microsoft and at&t. starbucks will bring you a little later. we'
there it is, the ceo of activas ringing the closing bell here at the new york stock exchange. stand by for the earnings report as we get to the second hour of the "closing bell." >>> and welcome back to the "closing bell," everybody. i'm mandy drury sitting in for maria bartiromo. quite a crowd over here for activas. dow closing at another five-year high. the blue chip index inching ever closer to an all-time high. well, this is, despite the fact that apple...
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Jan 15, 2013
01/13
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i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a percent higher at 13,534. nasdaq close but no cigar. down 6.75 points on nasdaq but it, too, had been worse off. 3110 last trade on the nasdaq. s&p 500 close to where it began the session with a gain on the day of 1.66 points. first, breaking news out of washington right now. >> we go to john harwood. >> reporter: maria, get used to drip, drip, drip. small development news like the one contained in this secretary treasury secretary geithner send to congress notifying them of one of the extraordinary measures he's taken to put off the hitting of the debt crying, not investing some money in the federal employee retirement system in order to preserve room against the cap on the debt limit. geithner
i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a percent higher at 13,534. nasdaq close but no cigar. down 6.75 points on nasdaq but it, too, had been worse off. 3110 last trade on the...
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Jan 18, 2013
01/13
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york fed later became goldman sachs leaders, right? >> well, what mark is saying, maria, is accurate in the sense that it does show failings at the fed. the trouble is it also shows the opposite, mark, and i'd be interested. as you read these transcripts, the integration of banking regulation and monetary policy eventually becomes made and the necessity of it becomes obvious, that the guys who are getting firsthand information on the banking system, once they are able to see it, it's not immediate that they can see it. once they see it, the need to respond and the ability to respond using monetary policy is quite manifest, mark. >> what do you think, mark? >> i certainly would be fairer to say it's not like the fed has learned nothing from the crisis. >> right. >> this is one of the things that they have learned from the crisis. they are also including economists and the examination teams so that when you go into a bank you try to take the macro economic risk at play. again, i mean, to me you look at the size of the housing bubble we w
york fed later became goldman sachs leaders, right? >> well, what mark is saying, maria, is accurate in the sense that it does show failings at the fed. the trouble is it also shows the opposite, mark, and i'd be interested. as you read these transcripts, the integration of banking regulation and monetary policy eventually becomes made and the necessity of it becomes obvious, that the guys who are getting firsthand information on the banking system, once they are able to see it, it's not...
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Jan 25, 2013
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york city at reasonable prices. you say that's where the sustainability is. >> this is where the growth is. this is where you can sort of gain much greater efficiencies out of the existing economy. in some ways all these businesses are about taking things that exist and getting way more out of them. i think that's of course the story of technology more broadly, it's about doing more with less. >> there was some public comments recently that hinted that you're less impressed with some of the headlines in tech. the famous line. we wanted flying cars, we got 140 characters. >> they can all be good businesses even if they don't help us macroeconomic cli. i think twitter is a great business, the 500 or 1,000 people who work at twitter will have jobs ten years from now. i think the company is valued at $8 billion or $10 billion. that's probably an accurate valuation. it's not clear that a businesslike twitter is going to take our civilization to the next level and dramatically improve people's living standards. so i think
york city at reasonable prices. you say that's where the sustainability is. >> this is where the growth is. this is where you can sort of gain much greater efficiencies out of the existing economy. in some ways all these businesses are about taking things that exist and getting way more out of them. i think that's of course the story of technology more broadly, it's about doing more with less. >> there was some public comments recently that hinted that you're less impressed with...
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Jan 4, 2013
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plus, big states like new york, new jersey and florida whose foreclosures were stalled, they are ramping up now. thousands of homes where people haven't paid the mortgage in years. they will come to market. now, neither fitch nor zillow claim prices will fall nationally. they will fall in some markets and will rise in others, as usual, but overall the growth we saw last year will weaken somewhat as normal housing fundamentals take over again, and, again, bill, we've got to warn, mortgage rates could rise. >> yes, they could. normal housing fundamentals. >> what are they? >> what are fundamentals? what a concept. >> been a long time. thank you, diana. >>> by the way, previously promoted tom wilson all state ceo was scheduled to be here in about an hour, set to react to the fiscal cliff tax deal and how it impacts his business and we alerted his office in addition to that topic we felt we were also obliged to ask him about a developing national story regarding superstorm sandy and a staten island couple whose home was destroyed. as a result, all state has offered $10,000 on their claim bec
plus, big states like new york, new jersey and florida whose foreclosures were stalled, they are ramping up now. thousands of homes where people haven't paid the mortgage in years. they will come to market. now, neither fitch nor zillow claim prices will fall nationally. they will fall in some markets and will rise in others, as usual, but overall the growth we saw last year will weaken somewhat as normal housing fundamentals take over again, and, again, bill, we've got to warn, mortgage rates...
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Jan 29, 2013
01/13
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i'm maria bartiromo on the floor of the new york stock exchange. the dow industrials rock it again, rallying today within striking distance of 14,000 and inching ever closer to an all-time record high. take a look at how we're settling out today. the dow jones industrial average just shy of the highs of the afternoon. we were higher by about 86 points or so at the best levels. we're finishing up 73 points at 13,000. 21.27 billion is the number on revenue for amazon.com, coming across the tape right now. want to interrupt myself as we watch amazon.com trade very volatile as these numbers are just being released. we mentioned earlier the expectations. we got earnings of estimates of 28 cents a share and revenue of 22.6 billion. revenue at 21.27 billion on amazon. looks like it is a slight miss on revenue. let's get right -- >> 21 cents is the earnings per share. 21 cents versus an estimate of 28 cents. we look at this market settling out. gene, let me kick this off with you. numbers out 2, 1 cents a share versus an estimate of 28 cents a share and re
i'm maria bartiromo on the floor of the new york stock exchange. the dow industrials rock it again, rallying today within striking distance of 14,000 and inching ever closer to an all-time record high. take a look at how we're settling out today. the dow jones industrial average just shy of the highs of the afternoon. we were higher by about 86 points or so at the best levels. we're finishing up 73 points at 13,000. 21.27 billion is the number on revenue for amazon.com, coming across the tape...
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Jan 10, 2013
01/13
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i'm maria bartiromo on the floor of the new york stock exchange. this market rallying again. the s&p 500 getting set to close at a new five-year high. we're settling out with a rally on the street today as this market continues to want to go higher. up 80 points on the industrial average tonight finishing at the high of the afternoon, 13,470. volume picked up a bit today. the nasdaq composite also higher. also closing at high, up about 16 points on the nasdaq, s&p 500 up 11 points, three-quarters of 1%. the rally back on. s&p 500 closing at the highest level in five years once again. can the momentum continue? let's bring in ben pace from deutsche bank private wealth management and john from cfi group and let me kick this off with you, john. what did you see on the trading desk, conviction there on the buy side? >> yeah. we saw a lot of the same that we saw at the beginning of the year. a lot of shorts actually still being squeezed. obviously the data last night out of china was actually exceptional. we saw exports and imports both off the charts. we also saw the eurozone ben
i'm maria bartiromo on the floor of the new york stock exchange. this market rallying again. the s&p 500 getting set to close at a new five-year high. we're settling out with a rally on the street today as this market continues to want to go higher. up 80 points on the industrial average tonight finishing at the high of the afternoon, 13,470. volume picked up a bit today. the nasdaq composite also higher. also closing at high, up about 16 points on the nasdaq, s&p 500 up 11 points,...
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Jan 7, 2013
01/13
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. >>> more than 250 retail executives rub elbows at the womens summit in new york. amazon shares hitting a record high. but a traditional retailer stock not doing so well today. courtney reagan has more on this story. over to you. >> thanks. retail in focus both in the markets today and here with the womens wear daily ceo summit. today the s&p index outperforms the bench mark. but shares of jcpenney falling more than 4% as ron johnson spoke here to a packed room. though it was close to media, we know the insiders were tweeting he spoke about lessons learned. both from the transition he's going through from retailer as well as former boss steve jobs. we don't now how the holiday turned out for jcpenney. one person we spoke to is very happy with how his merchandise performed at jcpenney. >> we had a stellar performance in izod at jcpenney during the holiday season. great sell throughs. we beat our plans particularly for the month of december. so we really feel very good about how that has all come together, how izod has performed at jcpenney. we love the way they look
. >>> more than 250 retail executives rub elbows at the womens summit in new york. amazon shares hitting a record high. but a traditional retailer stock not doing so well today. courtney reagan has more on this story. over to you. >> thanks. retail in focus both in the markets today and here with the womens wear daily ceo summit. today the s&p index outperforms the bench mark. but shares of jcpenney falling more than 4% as ron johnson spoke here to a packed room. though it...
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Jan 17, 2013
01/13
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i'm maria bartiromo on the floor of the new york stock exchange. a big real on the street today pushes the s&p 500 to another five-year high. the dow also trying to close at a five-year high as well with an 85-point rally in the session, slightly shy of the highs of the afternoon. take a look at how we settle out tonight at 13,596 on the industrial average. volume on the light side. you can see 562 million shares traded here at the big board. nasdaq higher by 18 points and technology is strong. financials strong. s&p 500 up 8.25 points. two key earnings due out moments from now. james friedman of susquehanna international group is watching and waiting for the american express numbers, and i'm just getting them right now. i'm getting intel right now actually. we're waiting on intel. 48 cents a share where intel is reporting its eps. estimate for intel calls for a profit of 45 cents a share. alex gonaugh with his eye on intel. 13.5 billion in revenue from intel. 13.5 billion on intel is the revenue and the earnings per share is 48 cents on, like i sa
i'm maria bartiromo on the floor of the new york stock exchange. a big real on the street today pushes the s&p 500 to another five-year high. the dow also trying to close at a five-year high as well with an 85-point rally in the session, slightly shy of the highs of the afternoon. take a look at how we settle out tonight at 13,596 on the industrial average. volume on the light side. you can see 562 million shares traded here at the big board. nasdaq higher by 18 points and technology is...
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Jan 8, 2013
01/13
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i'm maria bartiromo on the floor of the new york stock exchange. the market closing lower for a second day in a row today as we kick off the fourth quarter earnings reporting season. take a look at how we're settling out on the street today. the dow jones industrial average off the lows of the average with a decline on the session of 55.75%, about one-half of 1%. volume not great. 562 million shares at the big board. s&p 500 down five point, a third of a point at 1457 and the nasdaq composite gives up some ground to the tune of seven points. all the major averages ending off the worst levels of the afternoon. market closing lower for a second day as earnings kicks into high gear. alcoa reporting moments from now. we'll have the moments on alcoa and tell you what that may mean for the rest of the earnings season. mark newton is with me, a gray wolf execution partner and david sauerby with me and long with scott wrenn of wells fargo advisers. scott, expecting better earnings this year. 5% higher than last year. what drives the earnings period, in you
i'm maria bartiromo on the floor of the new york stock exchange. the market closing lower for a second day in a row today as we kick off the fourth quarter earnings reporting season. take a look at how we're settling out on the street today. the dow jones industrial average off the lows of the average with a decline on the session of 55.75%, about one-half of 1%. volume not great. 562 million shares at the big board. s&p 500 down five point, a third of a point at 1457 and the nasdaq...
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Jan 23, 2013
01/13
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york stock exchange. michael, a pretty good day. just heard matt cheslock saying it's kind of a bearish day because the average is masking a lot of stocks that were lower today. >> the rally is getting more narrow and i think we could be due for a pullback. you cannot fight the fed and cannot fight mario draghi. >> you want to ride this as long as it will go. >> yes, we are. please don't mistake that bullishness temporarily for the bears. i feel the american, the japanese and american economy. there is going to be hell to pay and it's going to happen soon. >> you're holding your news and buying. >> neil henessey, can we get back to all-time highs for the dow and the s&p. >> oh, michelle, i think easily. if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500 companies, they are sitting on 1.5 trillion in cash, 1.5 trillion -- >> hold on. you think 2,300 points
york stock exchange. michael, a pretty good day. just heard matt cheslock saying it's kind of a bearish day because the average is masking a lot of stocks that were lower today. >> the rally is getting more narrow and i think we could be due for a pullback. you cannot fight the fed and cannot fight mario draghi. >> you want to ride this as long as it will go. >> yes, we are. please don't mistake that bullishness temporarily for the bears. i feel the american, the japanese and...
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Jan 30, 2013
01/13
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. > >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. blackberry blues. is the rim reboot nothing more than lipstick on a pig or is it a perfect about face. can facebook mobilize its way back to its ipo price? trading all the after hours action. and the aubrey overhang. now that the ceo of chesapeake is retiring, what should you do with the stock? first, we have to get straight to our top story, and that is the markets, failing to reach new highs today. between the gdp report and the fed statement, we couldn't get to 14,000. steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later on. >> when the gdp number hi
. > >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. blackberry blues. is the rim reboot nothing more than lipstick on a pig or is it a perfect about face. can facebook mobilize its way back to its ipo price? trading all the after hours action. and the aubrey overhang. now that the ceo of chesapeake is retiring, what should you do with the stock? first, we have to get straight to our top story, and that is the markets, failing to reach new highs...